Trump Media stock plunge has cost Trump $4 billion in potential wealth:
The Truth Social parent company’s losing streak has erased billions of dollars from ...
washingtonpost.com/technology/2024/09/07/trump-media-stock-plunge/
Quick Glance: Trump Media Stock Plummets, Costing Billions
- Shares of Trump Media, parent company of Truth Social, have dropped nearly 70% in recent weeks, costing Trump over $4 billion in potential wealth.
- The lockup period is expected to end around September 20, but the stock's decline raises concerns about the company's performance.
- Analysts worry that a sell-off of shares by Trump could further depress the stock price, undermining confidence among new investors.
- Trump faces financial pressures due to substantial legal liabilities, while his shares represent a significant economic asset.
Story Details
| Last Updated | Sep 09 |
| Total Articles | 21 |
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Previous
SeekingAlpha Sep 09
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